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vsa with Malcolm

  • #30,821
  • Sep 20, 2017 9:55am Sep 20, 2017 9:55am
Can someone put some light on gray marked areas?

What is the issue with price range 150.80 - 151.05?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 97 KB
Holy Grail - Patience and Acceptance
  • #30,822
  • Sep 20, 2017 10:13am Sep 20, 2017 10:13am
Quoting bluesoul
Can someone put some light on gray marked areas? What is the issue with price range 150.80 - 151.05? {image}
a little bit higher is resistance and a little bit lower is support. nothing wrong, could be lower liquidity... also there was news in one cross...
The more you learn the more you earn
  • #30,823
  • Sep 20, 2017 10:37am Sep 20, 2017 10:37am
Quoting freemind
{quote} a little bit higher is resistance and a little bit lower is support. nothing wrong, could be lower liquidity... also there was news in one cross...
Thanks.

Question is why market crosses this area quickly.

will this whole area considered as support/resistance vacuum ?
Holy Grail - Patience and Acceptance
  • #30,824
  • Sep 20, 2017 10:38am Sep 20, 2017 10:38am
EU and Gold M15 found some SOS.
will take a trade after FOMC release.
Holy Grail - Patience and Acceptance
  • #30,825
  • Sep 20, 2017 11:08am Sep 20, 2017 11:08am
Attached Image (click to enlarge)
Click to Enlarge Name: ice_screenshot_20170920-190345.png Size: 70 KB


half out protection at BE let her ride

happy days
  • #30,826
  • Sep 20, 2017 11:11am Sep 20, 2017 11:11am
Gold sell hit tp and now on GU and gold pending buys triggered. Looking like a shorttrap, but will see
  • #30,827
  • Sep 20, 2017 11:13am Sep 20, 2017 11:13am
Quoting zwara
{image} half out protection at BE let her ride happy days

All positions closed 9% banked good day
  • #30,828
  • Sep 20, 2017 11:14am Sep 20, 2017 11:14am
Quoting Jesusknows
Gold sell hit tp and now on GU and gold pending buys triggered. Looking like a shorttrap, but will see

Short trap on news ?

Now what will happen is the normal retrace ... after 100pips move. can't go on forever... I think I got out early today

but im ok no regrets at all, I think it will retrace and sideways from here. tomorrow is another day of slaughter.
  • #30,829
  • Sep 20, 2017 11:24am Sep 20, 2017 11:24am
Quoting Jesusknows
Gold sell hit tp and now on GU and gold pending buys triggered. Looking like a shorttrap, but will see
A short trap? How about a bull trap. First moves were up making new high sucking the BO traders into longs and then down.

Speech coming shortly see what happens from there.

I love FOMC and NFP because it gives me great UHV zones to trade in the days after...
Today's zone = Tomorrow's opportunity!
  • #30,830
  • Sep 20, 2017 11:40am Sep 20, 2017 11:40am
Short trap yes but what i meant was that i think it will go back up rather quick. Phrased it wrong Im probably wrong tho. Had a pending on gold at 1303 but it went way past that. Buyin again at 1297
  • #30,831
  • Sep 20, 2017 11:47am Sep 20, 2017 11:47am
Quoting Jesusknows
Short trap yes but what i meant was that i think it will go back up rather quick. Phrased it wrong Im probably wrong tho. Had a pending on gold at 1303 but it went way past that. Buyin again at 1297
Careful as it's very late in the day so we could well enter a sideways move. Also for what it's worth if we get back to 1303-1306 area today and you are long watch PA closely as there is a stack of resistance sitting at that zone.

Anyway I am still just an observer until LO tomorrow where I will look for trades in and around these lovely new zones.

Trade safe and green pips.
Today's zone = Tomorrow's opportunity!
  • #30,832
  • Sep 20, 2017 12:15pm Sep 20, 2017 12:15pm
Quoting Jesusknows
Short trap yes but what i meant was that i think it will go back up rather quick. Phrased it wrong Im probably wrong tho. Had a pending on gold at 1303 but it went way past that. Buyin again at 1297
1295 was critical, hope it holds 1298.
I didn't take my trade, but yes scalping, learning to trade FOMC.

IN gold we are probably in a low supply week on down move still, we have 2 days but volumes will be even then lower. If something unusual doesn't happen.
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD weekly Low Supply.png Size: 86 KB
Holy Grail - Patience and Acceptance
  • #30,833
  • Sep 20, 2017 2:07pm Sep 20, 2017 2:07pm
Credits to Malcolm and Tom and all other who contribute in this thread.

This includes some VSA scalping, on M1 and M5.

This week progress so far.

110.41%
Attached Image
Holy Grail - Patience and Acceptance
  • #30,834
  • Sep 20, 2017 2:10pm Sep 20, 2017 2:10pm
Quoting bluesoul
Credits to Malcolm and Tom and all other who contribute in this thread. This includes some VSA scalping, on M1 and M5. This week progress so far. 110.41% {image}
Very nice!
What percentage of stop loss are you using on average? 2% per trade?
  • #30,835
  • Sep 20, 2017 2:23pm Sep 20, 2017 2:23pm
Quoting odines
{quote} Very nice! What percentage of stop loss are you using on average? 2% per trade?
3%.

But I am having issues with exits. Even then this is the result.
I get perfect entries 80% of the time. but need to work on my Greed and Fear more.
Holy Grail - Patience and Acceptance
  • #30,836
  • Sep 20, 2017 2:28pm Sep 20, 2017 2:28pm
As Pres said, NEWS is an opportunity for SM and VSA traders.

Look at GJ behavior and clear message.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ H1 21-Sep-2017.png Size: 85 KB
Holy Grail - Patience and Acceptance
  • #30,837
  • Sep 20, 2017 3:12pm Sep 20, 2017 3:12pm
Quoting bluesoul
As Pres said, NEWS is an opportunity for SM and VSA traders. Look at GJ behavior and clear message. {image}

JPY rates announced tonight careful.
  • #30,838
  • Sep 20, 2017 3:41pm Sep 20, 2017 3:41pm
Sure, Will look at it tomorrow.

but i just bagged another +15 Pips after breakout of 151.50 and NS bar on M5 tf
Holy Grail - Patience and Acceptance
  • #30,839
  • Sep 20, 2017 7:16pm Sep 20, 2017 7:16pm
Quoting bluesoul
Can someone put some light on gray marked areas? What is the issue with price range 150.80 - 151.05? {image}
It is a buying and selling vacuum. Bulls think the right place to buy is below 150.80 while the bears think the right place to sell is above 151.05. Al Brooks mentioned this buying/selling vacuum in his book.
  • #30,840
  • Sep 20, 2017 11:30pm Sep 20, 2017 11:30pm
Gold atm atleast looks bullish, will see after boj and before draghi speech. Likely to make it run back up. 1296 is 100%fibo line and major resistance. Probably wrong tho
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